and the combined nominalGDP will be twice as much as that of the G7 in 2050 e (Figure ... 3 evaluates the BRICs countries in the context of global value chains and discusses ... than that was projected by the Goldman Sachs economists. Figure 2 shows that the combined GDP

3. In fact, the decline of nominalGDP’s rate of growth in percentage terms began already ... particularly during early 20th century because of the small absolute values of GDP ...NominalGDP % annual rates of change Percentage

Page 158 Appendix D Chart D.1: Nominal and real GDP Percentage change from IGR ... source of the differences in nominal and real GDP projections between IGR 2007 ... (Chart D.1). The higher GDP numbers are the result of differences in population, GDP per person and, in the case of nominalGDP, the GDP deflator. These are discussed in the following sections.1 Chart D.1: Nominal and real GDP Percentage change